My husband and I have the same car insurance company. If we hit each other, does our insurance go up?
The real question is not whether your rates would go up but whether there is fault and a loss in the accident and whether as a married couple you can be legally treated as two separate entities. I am assuming you wouldn’t be asking if there wasn’t some kind of loss.From a legal standpoint, it doesn’t matter to the insurance company whether you are married. Your premium is based on the both your ratings as individuals (your age, driving record, whether you smoke or not, etc.) You may pay one premium but it covers both of you. (You would be covered if you had accidents at the same moment 100 miles apart from each other). The insurance company will treat you like individual drivers. If one of you is at fault, your rating might change and that could affect your rates. Some companies do not automatically raise rates with one accident.You might be able to waive coverage of losses to mitigate the effect on your premiums. The insurance company considers adjusting your rate in large part on how much damage you have done and how much they have to pay out. You might be able to negotiate with the company that neither vehicle is repaired (if this is the issue) in exchange for keeping the rate the same.This is something you should ask your insurance company representative as soon as possible, before decisions are made.
Can you put two cars on two different insurance companies?
Many companies will not allow this. Lets say you have a young driver in the household and you put yourself and the kid on the one policy and just yourself on the other policy. You are then able to rate yourself as primary driver on both policies. Or lets say one of the vehicles is leased and the leasing company requires high liability limits. You put one car on one policy with 100,000/300,000 liability and the owned vehicle you have 15,000/30,000 liability. These are both examples of insurance fraud and reasons that insurance companies require all or nothing.
Do police cars need auto insurance?
Police cars or Squad cars need auto insurance just like anyone else driving on the roads.Auto insurance is mandatory by law in most places in the U.S and Canada (probably in other places around the world too). Police are not exempt from the law and they too need to prove financial responsibility when driving their police or squad cars.Government agencies are usually self-insured for their own property damages, but will buy excess liability policies with huge deductibles from reinsurance companies.Police are fulfilling a legal requirement when purchasing auto insurance, but at the same time, assuming exposure up to the high deductibles they normally choose. I’ve seen deductibles of $500,000, so really they are self-insuring. If they cause catastrophic damages and/or injuries that exceed their deductible amount, they may choose to claim from their liability carriers.Nevertheless, when an accident occurs the details are always sent to the their insurance company to properly assess exposure (usually when there are injuries).p.s they are also subject to the same fault determination rules that civilian drivers are in Ontario, Canada for car accidents.Hope that helps
At fault driver's car insurance won't pay for my damages!?
What you should do know is to stop using the telephone. You have spoken to them on the phone so much that they probably think you will do nothing but continue speaking on the phone, and they don't have to pay if all you do is to speak on the phone. Even if you get an attorney, they still don't have to pay if the attorney just keeps speaking on the phone. They only have to pay if someone, whether it is you or the attorney, does something in writing, and not just on the phone. You could get an attorney and have the attorney do something in writing, and not just on the phone. But first, you might want to try doing something in writing yourself, without using the phone. Once they see that using the telephone is not the only thing that you are going to do, they might pay.
Does auto insurance cover a person or an automobile?What if someone drives your insured car and they have none
You will covered in any vehicle as long as they have insurance and you have permission to drive the car. You do not have to have insurance if you do not own a car. What would you be insuring? The person who owns the car is to have the insurance on that vehicle. If you get into an accident then the insurance they have on the vehicle is the what would cover it. If they have full coverage then the car and you ar covered. If they only have liability then only the other person and car that you hit are covered. As far as your husband car, you are covered not matter what because you live in the same house as he does. Everyone in the house is covered to drive that car even if they are not listed on the policy.
What does car insurance cover?
The coverage of a car insurance differs from plan to plan. You will have to read policy related documents carefully to understand what your car insurance covers. Always make sure that you read the exclusions section in your car insurance policy document as it highlights the things that your insurer won’t cover.Generally, if you have chosen a third-party liability car insurance, your insurer will cover the damages caused to the third-party involved in the accident. This includes the expenses involved in repairing the car, any medical expenses, legal charges if any, and compensation amount paid the victim. However, few insurance companies do not cover all this in their basic plan. Please check with your insurer as to what they cover.If you have a comprehensive car insurance policy, the insurance company will pay the third-party liabilities and also take care of the expenses involved to repair the damages caused to your car. Also, the insurer will pay for the medical expenses that you ,may incur due to the accident.Your insurance coverage also depends on the add-ons that you have selected while purchasing the policy. Add-on riders can be purchased by the policyholder of they are looking for additional protection. In case of an accident or when you submit the claim, the insurer will check if you have any add-ons that you can use and then process the claim. Some of the most popular riders are quick assistance on road, engine and electronic circuit cover, no-claim bonus protection, personal accident cover, and daily cash allowance cover.Please note that most of the insurers do not cover the following:Damage caused by a person driving without a valid driving licenseMechanical or electrical breakdown of the carIf the accident is caused by a person driving under the influence of liquor or any other drugsDepreciation of the car (Unless you have an add-on that covers this)Damage to tyresRead more at: https://www.bankbazaar.com/insur...
I just sold a car. When I go to remove it from our car insurance policy, our total rates will go up. Does anyone know why this might be?
I see this happen all the time (I’m not with Geico, but another large insurer). Here is what is happening:You have two cars on the policy, one newer, probably with Collision and Comprehensive coverage. You have an older vehicle on the policy, probably with minimal coverage, like just liability or liability and uninsured motorists coverage.You don’t say this, but I suspect you also have at least two drivers in the house. One, possibly you, that is “not risky” and another that is “riskier,” like a teenager, or somebody with a spotty driving record.When you had both vehicles on the policy, you (the least risky person) were being paired with the newer car, and the riskier driver was being paired with the older car. If that risky driver had an accident in the older car, then your liability coverage would pay for the other innocent person’s vehicle, but your policy would not have to pay for repairs on your car, since it doesn’t have “collision” coverage. So the “risk” of that riskier driver to the insurance company is paying for damages to one vehicle, not two.Now, when you remove that older vehicle, they now have to figure the risky guy is driving the newer vehicle… thus making it more likely they will have to fix the innocent person’s car, and your car when the risky person hits somebody.At my company, when there is one car and two drivers, the riskiest driver is automatically considered the person who drives the most. It also doesn’t really matter if the risky person “really” drove the old car or not.. when you bought the policy, that is how the sales person paired the vehicle and drivers so that you would get the best rate. Anybody can drive any vehicle on the policy, so us salespeople try to do the best combination of driver/car pairing in order to get the most favorable rate on the policy.It is also possible you lost a multi-car discount, but that is less likely.So to sum this up, you have a risky driver in your household, who is now driving a new car with more coverage than before, thus making the chances of large payouts higher than when they were driving the old car. Insurance companies charge more for that. Also keep in mind that it doesn’t matter what is actually happening in your individual household. Insurance carriers access risk in groups… so you might never let your teenage son drive your new car, but for every person following the rules there are 10 that don’t. Hope this helps.
When fault in a 3 car rear end collision. If 2nd car hit 3rd car twice is he responsible for damages too?
I was at fault for rear-ending a car infront of me, but the car infront hit the person infront of him twice, is he responsible for the damages of her back of the car and his front? Am i only responsible for his back?